Ireland Strategic Investment Fund

The Ireland Strategic Investment Fund (ISIF), managed by the National Treasury Management Agency (NTMA), is an €8.5 billion sovereign development fund established in 2014. Its primary mandate is to invest on a commercial basis to support economic activity and employment within Ireland. ISIF distinguishes itself by having a long investment horizon, allowing it to serve as a patient source of long-term capital. The fund is designed to address changing capital needs and gaps in the marketplace, making it an appealing choice for company and project sponsors. With a diverse investment portfolio that includes quoted equity, absolute return funds, bonds, and cash, ISIF seeks to foster innovation and drive economic growth by making strategic investments that have a positive economic impact. Its connections across public and private sectors position it uniquely to facilitate collaboration and enhance opportunities that might otherwise remain unrealized.

Nick Ashmore

Deputy Director, Head of Private Equity

Kieran Bristow

Senior Investment Director

Joanne Butler

Senior Portfolio Investment Manager

Austin Coughlan

Investment Director

Cathal Fitzgerald

Senior Investment Director, Food & Agriculture

Eileen Fitzpatrick

Director of Investment Management

Mikael Langstrom

Investment Director

Fergal McAleavey

Senior Investment Director, Private Equity & Venture Capital

Donal Murphy

Senior Investment Director, Infrastructure Investments

Eugene O'Callaghan

Director, Ireland Strategic Investment Fund

Paul Saunders

Senior Investment Director, Innovation

Past deals in Ireland

Aer Lingus

Debt Financing in 2022
Aer Lingus is the national airline of Ireland, headquartered at Dublin Airport. Operating a fleet of 47 modern Airbus aircraft, the airline serves over 10.6 million passengers annually through its mainline and regional franchise services. Aer Lingus aims to connect Ireland with the world by offering competitive air travel options and cargo transportation services to the UK, Continental Europe, and the USA. Since 2013, the airline has expanded its operations to include contract flying services for Virgin Atlantic Airways, covering domestic UK routes. Aer Lingus is dedicated to enhancing connectivity by selecting airports in convenient, central locations, which allows it to offer more competitive pricing than many legacy carriers. Additionally, the airline partners with Stobart Air, Jetblue Airways, and United Airlines to facilitate connections to the USA, Canada, and the UK, making it easier for passengers to reach various continental US destinations through major hubs like New York, Boston, and Chicago.

Aer Lingus

Debt Financing in 2021
Aer Lingus is the national airline of Ireland, headquartered at Dublin Airport. Operating a fleet of 47 modern Airbus aircraft, the airline serves over 10.6 million passengers annually through its mainline and regional franchise services. Aer Lingus aims to connect Ireland with the world by offering competitive air travel options and cargo transportation services to the UK, Continental Europe, and the USA. Since 2013, the airline has expanded its operations to include contract flying services for Virgin Atlantic Airways, covering domestic UK routes. Aer Lingus is dedicated to enhancing connectivity by selecting airports in convenient, central locations, which allows it to offer more competitive pricing than many legacy carriers. Additionally, the airline partners with Stobart Air, Jetblue Airways, and United Airlines to facilitate connections to the USA, Canada, and the UK, making it easier for passengers to reach various continental US destinations through major hubs like New York, Boston, and Chicago.

Staycity

Venture Round in 2020
Staycity Ltd. operates serviced apartments in the United Kingdom and Europe. The company offers its apartments for leisure, family, and business stays, as well as other accommodation needs. Staycity Ltd. was founded in 2004 and is based in Dublin, Ireland.

UrbanVolt

Venture Round in 2020
UrbanVolt Ltd. provides a Light as a Service model to commercial and industrial clients, retrofitting properties with energy-efficient LED lighting solutions without any upfront costs. Founded in 2015 and headquartered in Dublin, Ireland, with additional offices in Illinois and Germany, UrbanVolt enables businesses to achieve immediate cash and energy savings from the moment of installation. Their approach eliminates the financial risks associated with energy reduction projects, allowing clients to focus on sustainability without the burden of capital expenditures. The company handles everything from project management to ongoing maintenance of the lighting systems, making the transition to energy-efficient solutions straightforward and accessible for clients in various sectors, including manufacturing, warehousing, and large office spaces.

Genuity Science

Series C in 2018
Genuity Science is a contract genomics and data-sourcing organization based in Boston, Massachusetts, with additional offices in Dublin, Ireland, and Reykjavik, Iceland. The company collaborates with global biopharma firms to provide comprehensive discovery services that enhance precision health and improve patient outcomes. Its offerings encompass population-scale, disease-specific data sourcing, high-quality sequencing, and advanced statistical analysis, along with software tools for managing large datasets and artificial intelligence applications. Genuity operates state-of-the-art CAP/CLIA genomics laboratories in Woburn, Massachusetts, and Dublin, emphasizing a strong commitment to data stewardship and governance. The company focuses on exploring biological data insights, storage, interpretation, and scalable analytics, particularly in the central nervous system, cardiometabolic, and inflammatory disease sectors.

AMCS

Series D in 2018
AMCS Group are an Irish company that are involved in the provision of RFID (Radio Frequency Identification) solutions. James Martin and Austin Ryan established advanced Manufacturing Control Systems (AMCS) Ltd in 2002. It is an Irish company with headquarters in the Innovation Works in Castletroy, Limerick. AMCS has an experienced team of engineers and technicians who combine technically advanced solutions with first class customer support, AMCS Group is the world's provider of integrated, end-to-end software and solutions for the waste, recycling, logistics and resource management industry.From cutting edge Weighing & RFID technology to a full suite of ERP software with ELEMOS, AMCS solutions can cover all aspects of your operation from bin, vehicle & skip management, mobile computing & weighbridge control to invoicing, customer reporting & analysis.The company’s solutions are used by the worlds leading municipalities, private recycling and waste collectors and commercial waste haulers providing residential, commercial, hazardous,recycling and disposal services.

Vectra

Series D in 2018
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.

Kaseya

Venture Round in 2017
Kaseya Limited provides IT management software for IT departments and managed service providers, and small to midsized businesses. The company offers Kaseya VSA, a solution to manage and automate IT environment from a single dashboard; Kaseya AuthAnvil, an identity and access management software for single sign on and multi-factor authentication solutions; Kaseya BMS, a business management solution to support various business back-end requirements, including service desk, customer relationship management, finance, project management and billing, time and expense tracking, and inventory management; Kaseya 365 Command, an office 365 administration software; TRAVERSE MONITORING, a performance monitoring and management solution for IT professionals, as well as to monitor and manage networks and datacenters; and Kaseya One for infrastructure monitoring. It serves finance, healthcare, manufacturing, managed services, legal, government, retail, and other industries worldwide. The company was founded in 2000 and is based in Miami, Florida.

Cubic Telecom

Series C in 2017
Cubic Telecom is a global connectivity platform company offering solutions for leading Internet of things (IoT), machine-to-machine (M2M), and device manufacturing companies across the globe. As a proud member of the GSMA, we provide connectivity in over 100 countries, boasting the most robust network, device and retail partnerships worldwide. With our flexible over-the-air (OTA) device management, we are experts in enabling global scalability with local connectivity anytime, anywhere. Our partners and customers include some of the world’s leading Fortune 100 tablet and notebook manufacturers, retailers, and M2M and automotive companies. Our clients believe in our work. They include Audi, Lenovo, HP, Rakuten, and Woolworths.

Shannon Airport

Debt Financing in 2017
Shannon Airport is a profitable and expanding airport serving a range of short-haul and long-haul destinations. It’s Ireland’s second long-haul airport and the gateway to the Wild Atlantic Way.

Finance Ireland

Venture Round in 2016
Provider of non-bank lending services intended to serve agriculture, construction, healthcare, dental and retail sectors. The company offers a complete range of financing options namely residential and commercial mortgages along with motor finance, thereby helping small and medium enterprises (SMEs) an alternative to the traditional banking sector.

Genomics Medicine Ireland

Series A in 2016
Genomics Medicine Ireland is a life sciences company focused on conducting extensive research studies throughout Ireland to explore the connections between the human genome, health, and disease. By analyzing genetic information, the company aims to deepen the understanding of how genetics influences various health outcomes and disease susceptibility. Through its research initiatives, Genomics Medicine Ireland seeks to contribute valuable insights that could inform future medical practices and enhance healthcare delivery.

Aqua Comms

Series A in 2016
Aqua Comms Limited is a provider of bandwidth infrastructure services that specializes in subsea cabling solutions for content providers, cloud networks, data centers, IT companies, and the global media. Founded in 2011 and based in Dublin, Ireland, the company operates significant projects such as CeltixConnect, a subsea cable connecting Ireland to the United Kingdom, and the AEConnect system, which links the United States to Europe. Aqua Comms focuses on offering dark fiber, wavelengths, and Ethernet services, enabling its clients to efficiently manage their network needs while ensuring high reliability and performance. The company emphasizes the planning, implementation, and supply of fiber pairs and spectrum services, positioning itself as a key player in the telecommunications infrastructure sector.
DCU is a young, dynamic and ambitious university with a distinctive mission to transform lives and societies through education, research and innovation. Since admitting its first students in 1980, DCU has grown in both student numbers and size and now occupies a 72 acre site in Glasnevin, just north of Dublin city.

Causeway Capital

Private Equity Round in 2016
Causeway Capital is a private equity firm founded in 2015 and headquartered in Dublin. It specializes in mid-market investments, targeting established small and medium-sized enterprises in Ireland and the United Kingdom. The firm invests between €2.5 million and €10 million in companies with ambitious management teams and strong growth prospects, supporting a wide range of business strategies including organic growth, acquisitions, management buyouts, refinancing, and shareholder exits. With teams located in both Dublin and London, Causeway Capital seeks to provide straightforward funding solutions to differentiated companies with robust business models, without focusing on a specific sector. In addition to capital investment, the firm offers consultation on sustainable investment, particularly in the context of growth and mergers and acquisitions.

Ardstone Homes

Venture Round in 2016
Ardstone Homes Limited designs, develops, and builds homes and related residential properties. It also offers investment management services. The company was founded in 2016 and is based in Dublin, Ireland.

AMCS

Series C in 2015
AMCS Group are an Irish company that are involved in the provision of RFID (Radio Frequency Identification) solutions. James Martin and Austin Ryan established advanced Manufacturing Control Systems (AMCS) Ltd in 2002. It is an Irish company with headquarters in the Innovation Works in Castletroy, Limerick. AMCS has an experienced team of engineers and technicians who combine technically advanced solutions with first class customer support, AMCS Group is the world's provider of integrated, end-to-end software and solutions for the waste, recycling, logistics and resource management industry.From cutting edge Weighing & RFID technology to a full suite of ERP software with ELEMOS, AMCS solutions can cover all aspects of your operation from bin, vehicle & skip management, mobile computing & weighbridge control to invoicing, customer reporting & analysis.The company’s solutions are used by the worlds leading municipalities, private recycling and waste collectors and commercial waste haulers providing residential, commercial, hazardous,recycling and disposal services.

Malin Corporation

Venture Round in 2015
Malin Corporation plc (“Malin”) is an Irish incorporated public limited company whose head office is in Dublin, Ireland with subsidiary offices in New Haven, Connecticut and Research Triangle, North Carolina, USA. Malin’s purpose is to create shareholder value through the selective long-term application of capital and operational expertise to private, pre-IPO, pre-trade sale operating businesses in dynamic and fast growing segments of the life sciences industry. Through its operational involvement, Malin works with its investee companies to enable them to reach the full potential of their value proposition and to achieve commercial success.